The Options Market Shows Clearly How No One Predicted The Incredible Year For Stocks

It's safe to say 2013 turned out better than expected for the
stock market.

In the year to date, the S&P 500 index is up over 27%.

As the
chart below from options guru Jared Woodard of Condor Options
illustrates, 2013 was the first year in a long time that the
market was able to outperform the upper end of the range implied
by options at the beginning of the year.